€100 in 1999 → €107.03 in 2002

Euro Inflation Calculator

Euro Inflation Rate, €100 in 1999 to 2002

According to the European Central Bank consumer price index, prices in 2002 are 7.03% higher than prices in 1999. The euro experienced an average inflation rate of 2.29% per year during this period.

In other words, €100 in 1999 is equivalent in purchasing power to €107.03 in 2002, a difference of €7.03 over 3 years.

The 1999 inflation rate was 1.17%. The inflation rate in 2002 was 2.27%. The 2002 inflation rate is higher compared to the average inflation rate of 1.65% per year between 2002 and 2018.


Inflation from 1999 to 2002
Cumulative price change 7.03%
Average inflation rate 2.29%
Converted amount (€100 base) €107.03
Price difference (€100 base) €7.03
CPI in 1999 74.30416667
CPI in 2002 79.52583333
Inflation in 1999 1.17%
Inflation in 2002 2.27%


Euro inflation chart from 1996 to 2017


Buying power of €100 since 1999

This chart shows calculations of buying power equivalence over time for €100 in 1999 (price index tracking began in 1996).

According to the European Central Bank, each of these EUR amounts below is equal in terms of what it could buy at the time:

Year EUR Value Inflation Rate
1999 €100.00 1.17%
2000 €102.18 2.18%
2001 €104.65 2.41%
2002 €107.03 2.27%
2003 €109.29 2.12%
2004 €111.67 2.18%
2005 €114.13 2.20%
2006 €116.64 2.21%
2007 €119.17 2.17%
2008 €123.15 3.34%
2009 €123.54 0.32%
2010 €125.54 1.61%
2011 €128.96 2.72%
2012 €132.18 2.50%
2013 €133.96 1.35%
2014 €134.54 0.43%
2015 €134.58 0.03%
2016 €134.91 0.24%
2017 €136.98 1.54%
2018 €139.04 1.50%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

How to Calculate Inflation Rate for €100, 1999 to 2002

This inflation calculator uses the following inflation rate formula:

CPI in 2002CPI in 1999
×
1999 EUR value
=
2002 EUR value

Then plug in historical CPI values. The Euro CPI was 74.30416667 in the year 1999 and 79.52583333 in 2002:

79.5258333374.30416667
×
€100
=
€107.03

€100 in 1999 has the same "purchasing power" or "buying power" as €107.03 in 2002.

To get the total inflation rate for the 3 years between 1999 and 2002, we use the following formula:

CPI in 2002 - CPI in 1999CPI in 1999
×
100
=
Cumulative inflation rate (3 years)

Plugging in the values to this equation, we get:

79.52583333 - 74.3041666774.30416667
×
100
=
7%

News headlines from 1999

Politics and news often influence economic performance. Here's what was happening at the time:

  • NATO begins its bombardment of Yugoslavia in the Kosovo War marking the first time NATO attacked a sovereign country.
  • 13 killed, 24 injured in the Columbine High School Massacre.
  • Slobodan Milosevic and four others are indicted by the International Criminal Tribunal for former Yugoslavia, for war crimes and crimes against humanity committed in Kosovo.

Data Source & Citation

Raw data for these calculations comes from the European Commission and the European Central Bank's Harmonized Index of Consumer prices (HICP), which is computed based on the reported consumer price indices in member countries of the European Union.

You may use the following MLA citation for this page: “1999 euros in 2002 | Euro Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 18 Oct. 2018, https://www.officialdata.org/1999-euro-in-2002.

in2013dollars.com is a reference website maintained by the Official Data Foundation.


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